2. A car was bought in current 2015
for 3,00,000. If the value of the car
depreciates by 5% each year, find its
worth in the year 2018.
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2. A car was bought in current 2015
for 3,00,000. If the value of the car
depreciates by 5% each year, find its
worth in the year 2018.
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Given
To Find
Solution
→ Cost price of car = 3,00,000
→ Depreciation rate = 5%
Depreciation value
→ 3,00,000 × 5/100
→ Rs.15000
Total depreciation
→ Rs.15000 × 3
→ Rs.45000
Now, cost price of car in 2018
→ Rs.3,00,000 - Rs.45,000
→ Rs.2,55,000
Hence,
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